Deutsche Bank AG Grows Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Deutsche Bank AG grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 160,453 shares of the basic materials company’s stock after purchasing an additional 24,913 shares during the period. Deutsche Bank AG owned approximately 0.24% of Royal Gold worth $26,236,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RGLD. GAMMA Investing LLC lifted its holdings in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company’s stock valued at $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Select Equity Group L.P. purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $55,825,000. Victory Capital Management Inc. lifted its holdings in shares of Royal Gold by 117.0% during the first quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company’s stock valued at $67,886,000 after purchasing an additional 223,870 shares during the last quarter. BLI Banque de Luxembourg Investments purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $27,536,000. Finally, Northern Trust Corp lifted its holdings in shares of Royal Gold by 19.6% during the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after purchasing an additional 168,569 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Trading Down 0.0%

NASDAQ:RGLD opened at $172.26 on Thursday. Royal Gold, Inc. has a 12 month low of $130.24 and a 12 month high of $191.78. The company has a market cap of $11.34 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. The company has a 50 day simple moving average of $167.92 and a two-hundred day simple moving average of $164.98.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s payout ratio is presently 26.39%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a “market perform” rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Royal Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. CIBC boosted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, TD Securities restated a “buy” rating and issued a $237.00 price objective (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.63.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.